Consolidated Water (NASDAQ: CWCO) director receives 2,038-share grant

Rhea-AI Filing Summary

Consolidated Water Co. Ltd. reported that one of its directors acquired 2,038 shares of common stock on 12/15/2025 at $24.83 per share. The shares were granted under the company's non-executive directors share grant plan.

After this equity grant, the director beneficially owns 3,038 shares, held directly. The number of shares granted is calculated by dividing accumulated share attendance fees by the prevailing market price on October 1 of the preceding year.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Whittaker Raymond

(Last) (First) (Middle)

REGATTA OFFICE PARK, WINDWARD THREE

4TH FLOOR, WEST BAY ROAD, P.O. BOX 1114

(Street)

GRAND CAYMAN E9 KY1-1102

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Consolidated Water Co. Ltd. [ CWCO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/15/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	12/15/2025		A		2,038(1)	A	$24.83(1)	3,038	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares granted under the Company's non-executive directors share grant plan. The number of shares issued is calculated by dividing the accumulated share attendance fees by the prevailing market price on October 1st of the preceding year.

	/s/ Raymond Whittaker	12/16/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What insider transaction did Consolidated Water (CWCO) report in this Form 4?

The report shows that a director of Consolidated Water Co. Ltd. acquired 2,038 shares of common stock on 12/15/2025 through an equity grant.

At what price were the new CWCO shares granted to the director?

The 2,038 Consolidated Water common shares were granted at a price of $24.83 per share, as shown in the transaction details.

How many Consolidated Water (CWCO) shares does the director own after this transaction?

Following the reported grant, the director beneficially owns 3,038 shares of Consolidated Water common stock, held in direct ownership.

What is the source of the director's share grant at Consolidated Water (CWCO)?

The 2,038 shares were granted under the company's non-executive directors share grant plan, which compensates directors in stock based on attendance fees.

How does Consolidated Water (CWCO) determine the number of shares granted to non-executive directors?

The number of shares is calculated by dividing accumulated share attendance fees by the prevailing market price on October 1 of the preceding year.

Is the reported Consolidated Water (CWCO) insider transaction direct or indirect ownership?

The Form 4 indicates the director's post-transaction holdings of 3,038 shares are held in direct (D) ownership.